Duplex with Detached
706 Topeka Ave, Pueblo, CO 81006
New
MULTI_FAMILY - Ranch - Pueblo, CO
Type:Single Family Residence
Property size:
2,496 SFLot size:
0.14 AcresPrice / SF:
$99/SF- Added:
- Jun 13, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 14 at 12:06 pm
Property Features for 706 Topeka Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R-4
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Parking
- 1
- Parking features
- Garage - Attached
- Interior features
- New Paint
- Fireplace
- 1
- Basement
- Unfinished
- Appliances
- Refrigerator-All, Electric Range-All
- Standard status
- Active
- APN
- 1406301042
- Size
- 2,496 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 132 + 133 FRANCES SUB
- Tax Annual Amount
- 1489
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1928
- Number of units
- 2
- Flooring type
- New floor coverings
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Ranch
Listing agent Caleb Skelton (719) 216-4057
Listing office Buy Smart Colorado CO (719) 310-8464
Listing date Jun 13, 2026
MLS# 240608
Listing URL
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Single‑family home plus detached cottage, both occupied by long‑term tenants since 2024 remodel
- Rental income of $2,788/month (over $33,000 annually) with tenants in place
- Owner pays water; tenants pay electric, gas, and trash to help manage operating expenses
- 1928 ranch‑style construction with public water and public sewer, and a composition roof
- Huge unfinished basement in the larger home for storage or future finishing
- Both units have private fenced yards; detached garage and cottage accessed through the alley
Overview
This property consists of a ranch-style single-family home and a detached cottage, configured as two separate rental units. Both units are currently occupied by long-term tenants who have remained in place since the property was remodeled in 2024. The larger home includes a huge unfinished basement that can support additional storage, future finishing, or other interior improvements. The front unit features a detached garage, and both units have their own private fenced yards for added separation and tenant usability.
Located at 706 Topeka Ave in Pueblo, Colorado, the rear cottage is accessed through the alley, supporting practical privacy for occupants. The property is zoned R-4. The owner pays for water, while tenants are responsible for electric, gas, and trash, which can help keep operating costs structured and predictable.
For investors or owner-operators, the current configuration offers an easy, two-unit rental setup with separate outdoor space for each tenant. With both units already in place and occupied, buyers can focus on ongoing management and any future opportunities related to the unfinished basement, while the existing utility arrangement remains part of the day-to-day expense picture.
Located at 706 Topeka Ave in Pueblo, Colorado, the rear cottage is accessed through the alley, supporting practical privacy for occupants. The property is zoned R-4. The owner pays for water, while tenants are responsible for electric, gas, and trash, which can help keep operating costs structured and predictable.
For investors or owner-operators, the current configuration offers an easy, two-unit rental setup with separate outdoor space for each tenant. With both units already in place and occupied, buyers can focus on ongoing management and any future opportunities related to the unfinished basement, while the existing utility arrangement remains part of the day-to-day expense picture.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $12.12 |
| − Vacancy | −$1.1k | −$0.43 |
| EGI | $29.2k | $11.69 |
| − OpEx | −$8.8k | −$3.51 |
| NOI | $20.4k | $8.19 |
2,496 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,402 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$520.1K
$455.1K – $606.8K
NOI $36,408 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.6041547
- Latitude
- 38.2483908
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two rental units include a detached cottage, privately fenced yards, and a garage for tenant use.
Where is this duplex located?
The property is located at 706 Topeka Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Single‑family home plus detached cottage, both occupied by long‑term tenants since 2024 remodel; Rental income of $2,788/month (over $33,000 annually) with tenants in place; Owner pays water; tenants pay electric, gas, and trash to help manage operating expenses
